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Feb 27, 2015

GATA | THE GATA DISPATCH - February 27, 2015: 2 Articles: China is about to overthrow London in gold trading, Maguire tells KWN | Maguire discusses wild leverage in metals, says London fixes soon will be obsolete

China is about to overthrow London in gold trading, Maguire tells KWN

Submitted by cpowell on Friday, February 27, 2015. 
 Friday, February 27, 2015

The King World News Internet site seems to have returned to operation with an interview with London metals trader Andrew Maguire.
Having inserted its government-owned banks into the new London gold price fixing system, China will overthrow the London bullion banks with a new gold exchange that cuts the banks out of any privileged position in the market, Maguire says. He predicts that as the London market loses pricing power, the bullion banks operating there no longer will be able to deliver real metal and will be forced to settle contracts in cash. An excerpt from Maguire's interview is posted at the KWN blog here:
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Maguire discusses wild leverage in metals, says London fixes soon will be obsolete

Submitted by cpowell on  Friday, February 27, 2015. 
 Friday, February 27, 2015

The TF Metals Report's Turd Ferguson today interviews London metals trader Andrew Maguire about the wild leverage used by bullion banks in suppressing gold and silver prices. Also discussed is a new 23-hour worldwide gold exchange that Maguire expects will make the twice-daily London gold price fixes obsolete. Maguire's interview is 46 minutes long and can be heard at the TF Metals Report here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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DealBook P.M. Edition - February 27, 2015: Top Story: Robert Benmosche, Ex-MetLife Chief Who Rescued .

FRIDAY, FEBRUARY 27, 2015
TOP STORY
Robert Benmosche, Ex-MetLife Chief Who Rescued A.I.G., Dies at 70 Mr. Benmosche came out of retirement in 2009 to turn around the company, the worst casualty of the global financial crisis, which the American taxpayers spent $182 billion to bail out.
DEALBOOK HIGHLIGHTS
A Denmark bank will pay Eva Christiansen, left, $1 a month for taking out a loan. Ida Mottelson's bank will charge her to hold her money.
In Europe, Bond Yields and Interest Rates Go Through the Looking Glass Policy makers are taking drastic measures to revive the economy, resulting in financial transactions that seem upside-down.
Attorney General Eric H. Holder Jr. in Washington last week.
Street Scene: Instead of Wall St. Prosecutions, Holder Delivers a Deadline The attorney general has put a short clock on any new prosecutions involving mortgage-backed securities in the years before the financial crisis.
Top violinists practice in intense, relatively short intervals, a researcher in expert performance has found.
Life@Work: The Rhythm of Great Performance One productivity tip: Focus in the most absorbed way possible when you are working and then take a break at least every 90 minutes.
A branch of Lloyds Bank in London.
Lloyds Banking Group Returns to Profit and Resumes Dividend Payments The British lender's payout to shareholders is a milestone in its turnaround since being bailed out by the government during the financial crisis.
A branch of Lloyds Bank in London.
Breakingviews: The Significance of Lloyds' Plan to Pay a Dividend The dividend is more about its existence than its size. It means that the British bank regulator is comfortable with Lloyds' profitability.
BGC Partners Gains Control of GFI Group BGC said that it had acquired enough shares in a tender offer to give it a 56.3 percent stake in GFI, the New York brokerage firm and clearinghouse.
BUZZ TRACKER

WSJ | Biggest Gainers Closing on February 27, 2015.

Biggest Gainers Closing
Biggest Gainers
4:31 pm ET 02/27/2015
NYSE
ISSUEVOLUMEPRICECHG% CHG
Xinyuan Real Estate ADS (XIN)1,645,682$3.060.5521.91
Tetra Technologies (TTI)4,820,9045.970.9919.88
DigitalGlobe (DGI)4,107,28333.254.8016.87
Amira Nature Foods (ANFI)877,71610.361.3815.37
Kindred Healthcare (KND)5,573,80821.222.3512.45
BrasilAgro-Companhia Brasileira de Propriedades Agricolas ADS (LND)23,6193.200.3411.89
Comfort Systems USA (FIX)454,61418.701.8210.78
NeoPhotonics (NPTN)230,8053.680.339.85
Infoblox (BLOX)3,710,61423.252.029.51
Atlantic Power (AT)1,899,9362.900.259.43
Pacific Drilling (PACD)1,253,4063.640.319.31
Semgroup Cl A (SEMG)1,420,19277.316.238.76
Rose Rock Midstream (RRMS)202,22246.383.718.69
RCS Capital (RCAP)1,001,10211.400.827.75
MasTec (MTZ)2,265,47822.071.547.50
Sprint (S)36,462,6295.120.357.34
Westmoreland Resource Partners (WMLP)5,59611.470.777.20
Bio-Rad Laboratories Cl A (BIO)392,190127.188.186.87
Compania de Minas Buenaventura ADS (BVN)2,264,53411.580.716.53
Daqo New Energy ADS (DQ)217,00922.371.376.52
Peabody Energy (BTU)9,719,6927.900.476.33
Boot Barn Holdings (BOOT)737,94624.611.466.31
Belmond (BEL)779,78012.230.726.26
Globant (GLOB)368,62616.690.966.10
Petroleo Brasileiro ADS A (PBRA)16,386,9696.710.386.00
 
Nasdaq

WSJ | Biggest Decliners Closing on February 27, 2015.

Biggest Decliners Closing
Biggest Decliners
4:46 pm ET 02/27/2015
NYSE
ISSUEVOLUMEPRICECHG% CHG
TCP International Holdings (TCPI)2,802,824$2.74-3.67-57.25
A.M. Castle (CAS)2,557,5043.22-1.81-35.98
Weight Watchers International (WTW)17,999,66311.33-6.23-35.48
Engility Holdings (EGL)255,82136.10-10.35-22.28
Ocwen Financial (OCN)11,593,6068.14-1.64-16.77
Koppers Holdings (KOP)754,64816.12-2.36-12.77
Walter Investment Management (WAC)1,041,25616.67-2.29-12.08
Herbalife (HLF)10,005,37731.01-3.81-10.94
Tutor Perini (TPC)1,470,09423.27-2.61-10.09
Frontline (FRO)3,220,8032.51-0.27-9.71
Ingram Micro Cl A (IM)4,685,03824.71-2.52-9.25
KBR (KBR)6,168,71716.29-1.60-8.94
500.com ADS (WBAI)3,313,9319.23-0.87-8.61
Nimble Storage (NMBL)4,682,08925.26-2.16-7.88
Bonanza Creek Energy (BCEI)2,672,45626.95-2.29-7.83
Quaker Chemical (KWR)142,63581.18-6.78-7.71
Clayton Williams Energy (CWEI)407,64649.06-3.73-7.07
Imprivata (IMPR)171,98713.69-1.02-6.93
HFF Cl A (HF)376,21035.58-2.63-6.88
J.C. Penney (JCP)65,717,1318.50-0.62-6.80
Media General (MEG)1,356,68114.91-1.05-6.58
Envestnet (ENV)1,073,34953.88-3.49-6.08
Mavenir Systems (MVNR)362,28214.57-0.92-5.94
Q2 Holdings (QTWO)3,512,39219.81-1.21-5.76
Willbros Group (WG)373,0976.34-0.38-5.65
Nasdaq